pep dividend increase 2020

The increased dividend will likely start with the June payment.However, in recent years, PepsiCo, Inc.’s management has been announcing dividend increases in the fourth-quarter earnings release.Therefore, with a solid business model and a low payout ratio, PepsiCo will likely make 2020 its 48th consecutive year of annual dividend increases.Considering that PepsiCo’s expected earnings growth rate isn’t that impressive (it operates in the food and beverage industry, after all) and that its share price has already soared, I don’t expect PEP stock to keep shooting through the roof.At the time of this writing, the food and beverage giant has declared and paid three quarterly dividends of $0.955 per share. Notably, revenue from its “Frito-Lay North America” division rose seven percent year-over-year in the second quarter, while “Quaker Foods North America” delivered a 23% sales increase.The latest dividend hike arrived in February, when PepsiCo announced a seven percent increase to its annualized dividend to $4.09 per share. The COVID-19-related business shutdowns started in late March, so the economic impact of the pandemic on the second quarter of 2020 was likely much greater than on the first quarter.One thing that has been happening since the start of this pandemic is consumers shopping online more often. Payable Jun 30, to shareholders of record on Jun 5; ex-div: Jun 4.

Over the past 12 months, the company has beaten or met analysts’ earnings-per-share estimates in all four quarters.This is an entirely free service. FNV was incorporated in 2007 and is headquartered in Toronto, Canada.POWI designs, develops, and markets analog and mixed-signal integrated circuits, and other electronic components and circuitry used in high-voltage power conversion. And management is committed to returning cash to investors. No credit card required. So even though the next dividend declaration will likely be for the same amount as before, PEP stock investors can still expect a dividend increase announcement.

In the first half of 2020, the company’s core earnings per share totaled $2.39. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. The dividend comes in quarterly payments of $1.0225 per share and began with the June payment.When a company has an entrenched market position and a recession-proof business model, it is well positioned to pay reliable dividends.Trading at $134.04, PEP stock offers investors an annual dividend yield of three percent.Also, Wall Street analysts expected PepsiCo to earn $1.25 per share on less than $15.4 billion of revenue in the second quarter.

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